There's been a bit of scuttlebutt lately over just how much the 2013 Hyundai Veloster Turbo will cost when it goes on sale later this month. It's time to put all of the rumors and reports to rest, though – the numbers have just been released, and the turbocharged Veloster is officially priced at $21,950, not including *$775 for destination.

That represents a $2,500 increase over a naturally aspirated Veloster with the manual transmission and style package – a $19,450 car. As we reported earlier, the turbocharged engine itself represents a $1,600 price increase, and the rest of the added cost comes from a host of standard equipment including heated leather seats with power lumbar support, a ground effects kit, LED taillamps, and of course, that unique front fascia.

A six-speed automatic transmission with steering wheel-mounted paddle shifters is available for an additional $1,000. And that awesome matte gray paint? That'll be $1,000, too (contrary to what we were told previously). If you want the Ultimate Package – which includes a panoramic sunroof, backup warning sensors, automatic headlights, a navigation system with rearview camera and a 115-volt power outlet – be prepared to shell out an extra $2,500, regardless of transmission. All-in, a fully loaded Veloster Turbo with the automatic transmission will set you back a cool $25,450 (not including destination).

The 2013 Veloster Turbo uses a new 1.6-liter turbocharged inline-four, good for 201 horsepower and 194 pound-feet of torque. Hyundai says that when equipped with a manual transmission and running on regular unleaded fuel, the Veloster Turbo will achieve fuel economy numbers of 26/38/30 miles per gallon (city/highway/combined). Stay tuned for our full driving impressions in the coming weeks.

The 1.6-liter turbocharged 4-cylinder engine in the Veloster Turbo produces an impressive 201 horsepower at 6,000 rpm and 195 lb-ft of torque at 1,750 rpm with regular fuel. Veloster Turbo also delivers a best-in-class power-to-weight ratio and its engine offers best-in-class specific output. Hyundai's 1.6-liter Gamma turbocharged engine features a twin-scroll turbocharger that, when combined with direct injection, results in near-instantaneous power delivery and minimal turbo lag. Twin-scroll turbochargers have traditionally been used on more expensive high performance engines, but Hyundai has brought this technology into much more affordable models like Veloster. Veloster Turbo is estimated to deliver 26 mpg city and a best-in-class 38 mpg highway for manual transmission models.

From a bigger, bolder hexagonal front grille, sculpted side skirts and new rear bumper with prominent diffuser vents in the lower fascia, Veloster Turbo design differentiates itself with aggressive design cues relative to the base model. Enthusiasts will also notice the Veloster Turbo will be available in a Hyundai-first Matte Gray paint. In addition, a set of 18-inch alloy wheels with chrome inserts completes the Veloster Turbo's appearance. From the front, Veloster Turbo also reveals headlight LED accents. Hyundai designers have replaced the Veloster's trapezoidal center exhaust with two large round exhaust tips. This free-flowing exhaust design gives the engine a more robust sound, which will delight enthusiasts.

Inside, leather seats with Turbo-embroidered stitching in the seatbacks deliver a sporty appearance and provide both exceptional support and comfort. A turbo-exclusive electroluminescent gauge cluster offers the driver information in a larger, clearer and more interactive format, with two TFT screens located between the tachometer and the speedometer. Even more, heated front sport seats are also standard on the Turbo version. Veloster Turbo also incorporates race-inspired push-button start and alloy pedals as standard equipment.